Page 59 - RusRPTFeb20

8.1.2​ Loans
Retail loan growth decelerated to 18.5% y/y in December​, from its peak of 23.8% y/y in April 2019, due to the regulator’s efforts to cool the expansion in consumer loans. The securitization of mortgage loans for a total of RUB200bn also had a negative effect on the portfolio’s performance.
Corporate loan book growth (excluding FX effects) decelerated to 4.3% y/y,​ from 5.1% at YE18, amid lower demand for FX loans, while RUB denominated loans increased 6.9% y/y.
59​ RUSSIA Country Report​ February 2020 ​ ​www.intellinews.com